The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-15
TIE RAILROADS..

live hog shipments, by the Mexican
Central from American points to the
City Of Mex co. has proved success.
ADucHs from along the line Of the
Union Pacific show that. while great
damage has been done TO crops by
droutb, II has not been 20 great az was
generally supposed.
CHIxF ARTHUR, Of the Brotherhood
ofEusineers, will not 10 to Colorado,
the differences between the order In
Denver and the Denver and Rio
Grande having been adjusted.
ris stated that President McKeen,
OF the vsndalis, received an I'D vance
from Ives 4 S,ayner OF $500, 900 for his
stock, and that ne was allowed TO keep
oil the latter rs security for deferred
payments.
The Louisville and Nashville will
on September l0h inaus q new
Pullman Buffet s'esping car line to
run between Galveston, Tex, Hou,.
ton, Tex, and Cincinnati, without
change. This will enable the people
Of Texas TO reach Mobile, Montgum,
cry, Nashville, Louisville and inter.
mediate points without change Of
cars.
RKrkRRISe to Mr.. John H. Inmsn's
purchase OF 10000 shares Of Central
rilroad stock, the New York Times
says that he thus becomes a director
In over 10000 miles OF Southern rail-.
road, and that no other man has any
such record. ut 10 diff cult 10 real.
ise," continues the Times, shat this
man, who has poured millions OF
money Into tbs Nav South, came out
Of the war with bat q tattered Con-
iederAts unii,rm for his sole possession
In the whole world. His career has
much that 70 wonderful in Il. Every
dollar that he owns, aud he Ia q mill.
ionaire many tunes over, be has made
himself since the war time, whom he
came TO New York for Q clerkship.
New York has adopted no son that
has brought her more honor" This
y high praise, bu! II is not I'M.
deserved.
DARDAsKLLx special 10 the Globe
Democrat; Danville reports the pres.
.nce at that place Of tho Missouri
Pacific surveying corps, under charge
dCol. Nobel. Tney had surveyed on
both sides Of the town, and found a
satisfactory route. They were 10 start
Yesterday 10 commence locating. The
line selected IL said to be the best
that can bs found from DAnyille 10
Little Rock, while the west
ern section, from DAnville TO
Fort Smith, is said 10 be- as good as
wanted. This route passes north OF
Perryyille, In Perry county. Col. Won
Frank, the chief ~ z neer Of the party,
has man IN the q Id securing right
Of way In Logan county, and Is d ing
deeds ne fset Ne taken. The prospects
are very hatterrg Tor road through
the western portion Of the county
soon.
1T sstated that the Cincinnati, Ham.
ilton and Dayton investigation will be
on these ak points; Fhst. the out.
standing preferred stock, which was
$4,000 March 81, 1885. and 1880.
900 March 81, 1887. There is a sus.
piclcion 81 a further issue; second,
how much OF the preferred stock was
authorized by the directoTs7 third, did
the company receive par for IL in cnh
or lite equivalent fourth, wnere Ia
A926,445 cash on hand March 81,
1887 hfsb, how much Cincinnati,
Hamilton and Dayton cash was used
by Ives a %. in cbaoging gauge Of
lines, and for which s5.b00,OO0 bonds
were 10 be Issued, OF three times what
they COST ak h, how much money
has Ives burrowed on Cincinnati, Ham.
ilton and Dayton stocks2
81. Louis Republican: Henry s.
Ives d Co, better known a. the Ives.
s,ayner syndicate, made an assign.
meni yesterday afternoon, and 90 no.
tilted the Seek Exchange. TIE la.
bllities Of the Arm are roughly estI.
mated at $4,000. 900. and, as is the
custom lin oil we'll regulated financial
failures, the ass u are placed consId.
erably In Excess Of the debts, bu,
when the sssignte comes 10 separa Q
the ac'uil from the imaginary prop,r.
ty holdings Of the synd cate, he will
Gnd the later representing the bulk
OF the fms leayings for distribution
10 creditors. Thus has one OF the
boldest railway aud hnancial specula
tive ventures In the history OF Wall
street come b an abrupt, II not dis.
graceful etd, aud without q word In
defense oil he nie,hods II employed
from any qunt-r OF the business world.
10 Greats ha)iities asgrrgating go.
OOO,OOO In fourteen mouths
requires no little business AFFINITY, and
10 do II without leaving assets enough
10 burden the sss Eaee with the care
Of valuables rcquires a fall knowledge
OF and experience In the Wall street
~sy oil eooduc log grsat enterprise,
which heesrs Ises a 20. seem 10 have
possessed In vstv much greater do
gree than CincisnAti, Te,re Hauts
and money lenders In the East sus.
pected vhsn the syndicate was frat
introduced 10 them. About the tittt
that was heard Of Ives 4 stayner was
In June. 1885, when they appeared In
Cincinnati with the majority Of the
voting pow'r a the Cntinnati, Ham.
ilton and Dayton Railway 90 npany,
which slso gave them the control OF
the Daytin and Michigan, Cincinnati,
Hamilton aud lndi.nspolis, Oincln.
natl, Richmond aud Chicago roads.
and one-hsi Interest In the DAYTON
and Union rod. Tney found the
system bonded aud stocked M TO
what Their predecessor thought II
could safely cary but these gentle.
men were not long In concluding
thst an Issue OF $4,000, 600 Of
additional sock prrleued and
$4,000 Of bond, was the proper
thing 10 male, and they made Il Fur
millions Of this to L hsne the inye.
tgating committee found had been h, /.